2. Dollar for dollar, the Keynesian multiplier for government spending

a. is larger than the multiplier for lump-sum taxes or transfers (T).

b. is smaller than the multiplier for lump-sum taxes.

c. is always identical to the multiplier for lump-sum taxes.

d. can be larger or smaller than the multiplier for lump-sum taxes depending upon the marginal propensity to consume.

e. can be larger or smaller than the multiplier for lump-sum taxes depending upon the rate at which income is taxed.